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At December 31, 2011, a company's records include the following: Net accounts receivable, December 31, 2010 $ 394,200 Net accounts receivable, December 31, 2011 $
At December 31, 2011, a company's records include the following:
| Net accounts receivable, December 31, 2010 | $ 394,200 |
| Net accounts receivable, December 31, 2011 | $ 435,900 |
| Net credit sales 2010 | $3,521,400 |
| Net credit sales 2011 | $3,795,300 |
What is the receivables turnover ratio for 2011 (rounded to two decimal places)
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Study Guide/Workbook To Accompany Intro To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th Edition
0077243641, 978-0077243647
